bmiBaby threads (merged)
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Latest from Tiny Town
To the bmibaby team,
You will have now read Wolfgang’s update with respect to the proposed integration of bmi into BA.
With respect to bmibaby, discussions with potential buyers continue. I appreciate this process has taken some time and we are all keen that a conclusion is reached soon. We still have time to complete a sale and bmi will continue to support the bmibaby business until the integration process is complete.
Throughout this period our business has continued to operate and trade very well, and I am very thankful to all of you for the professionalism and commitment shown. In order to remain attractive to a potential acquirer we need to ensure our business continues to perform well, and I therefore ask that you keep all energy channelled into driving our business forward as normal. It really is very much business as usual at the moment.
As soon as more information becomes available we will update you.
Thanks,
Julian
You will have now read Wolfgang’s update with respect to the proposed integration of bmi into BA.
With respect to bmibaby, discussions with potential buyers continue. I appreciate this process has taken some time and we are all keen that a conclusion is reached soon. We still have time to complete a sale and bmi will continue to support the bmibaby business until the integration process is complete.
Throughout this period our business has continued to operate and trade very well, and I am very thankful to all of you for the professionalism and commitment shown. In order to remain attractive to a potential acquirer we need to ensure our business continues to perform well, and I therefore ask that you keep all energy channelled into driving our business forward as normal. It really is very much business as usual at the moment.
As soon as more information becomes available we will update you.
Thanks,
Julian
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yes i can sleep sound at night now as well, i feel supremely confident that BALPA ,will save the baby and regional guys.
I'm really glad i paid them all that money.
Does anyone know what the redundancy terms are??
I'm really glad i paid them all that money.
Does anyone know what the redundancy terms are??
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I really hope everyone at BMIBaby is okay and that they are bought out while minimising job losses. A little suprised to see the lashing out at BALPA. Hopefully Baby employees (Inkjet?) were giving feedback when the current 'crazy gang' managment were 'leading' with their 'dump loyal MAN customers/expand at MAN/retranch to BHX/go to the Canaries/consolidate at East Midlands strategy'
. Oh Dear Oh Dear Oh Dear.....
. Oh Dear Oh Dear Oh Dear.....
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Lashing out??? lets see who gets hung out to dry!! then the "lashing" will really start. If anyone out there, is waiting for BALPA to save them, then they are sadly deluding themselves!!! Fact..
I was once proud to wear the uniform and be a part of what was a great airline. Shame on them!!!!!
Baby has been raped and pillaged by mainline constraints , no investment, and bad management decisions for years, and now we are going to pay the price.
I dont blame our current management for this mess, they have been shackled from above to a basket case at LHR for years .
I was once proud to wear the uniform and be a part of what was a great airline. Shame on them!!!!!
Baby has been raped and pillaged by mainline constraints , no investment, and bad management decisions for years, and now we are going to pay the price.
I dont blame our current management for this mess, they have been shackled from above to a basket case at LHR for years .
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I may be missing something here, but when Lufty agreed to sell bmi and baby for less than bmi alone, surely they shot themselves in the foot.
Nobody in their right minds would want to pay good money for baby if they could avoid it. Anyone interested in acquiring baby for nothing would surely wait for the almost inevitable acquisition by IAG and take it off WW's hands. Even with such a deal, both parties win. Lufty pays for it.
WW has stated, before completion of the bmi purchase, that he already has plans in place to dispose of baby. Could it be that baby employees fearful of IAG acquisition are, in reality, lined up for a pleasant surprise? For a while, unless losses are resolved, at least.
Business Air ditto, perhaps? Can't see why not.
Or am I being overly optimistic or just plain dim?
Nobody in their right minds would want to pay good money for baby if they could avoid it. Anyone interested in acquiring baby for nothing would surely wait for the almost inevitable acquisition by IAG and take it off WW's hands. Even with such a deal, both parties win. Lufty pays for it.
WW has stated, before completion of the bmi purchase, that he already has plans in place to dispose of baby. Could it be that baby employees fearful of IAG acquisition are, in reality, lined up for a pleasant surprise? For a while, unless losses are resolved, at least.
Business Air ditto, perhaps? Can't see why not.
Or am I being overly optimistic or just plain dim?
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Erwin
I reckon you're right on the money mate. Lufty seem to have put the baby sale on the backburner to hurry through the bmi sale, but this will ultimately cost them more...but at least they'll have ditched the £4m a day loss maker (is it per day?)
I reckon you're right on the money mate. Lufty seem to have put the baby sale on the backburner to hurry through the bmi sale, but this will ultimately cost them more...but at least they'll have ditched the £4m a day loss maker (is it per day?)
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I presume, with BA having said they are closing the EMA hangar by the end of the year (AFAIK baby light maintenance was subcontracted to bmi at EMA) then any new owner of baby will have to provide a new maintenance provider and maybe even another hangar at EMA or will need to ferry /rotate EMA based a/c for light maintenance (presume heavy could stay with current providers in eastern Europe)
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Runway...
You can poke fun, you can laugh, but the £4m a day figure is one that has come for the mouths of quite a few senior figures. £200m was the last financial years losses, not this years.
You can poke fun, you can laugh, but the £4m a day figure is one that has come for the mouths of quite a few senior figures. £200m was the last financial years losses, not this years.
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Sounds even more like Erwin has it right
Lufthansa Struggles to Dump BMIbaby to Complete IAG Deal - Bloomberg
Lufthansa Struggles to Dump BMIbaby to Complete IAG Deal - Bloomberg
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Interesting point about the article...the only other place I have heard of one of the bidders being called ACL (rather than ASL) is on this thread and it is the same post that states they lost interest. The article doesn't name the 'close source'...
This may be my experience of newspapers making up sports stories by using internet forums, but...
This may be my experience of newspapers making up sports stories by using internet forums, but...
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This may be my experience of newspapers making up sports stories by using internet forums, but...
Story I am hearing is that FlyFor Beans were preffered bidders until they actually looked at and finally understood the financial picture and despite getting Welsh Assembly funding quickly pulled out of the process. Lufthansa then went grovelling back to ASL to ask if they were still interested. The silence was deafening in reply.
Intro made an offer but by then FFB had started to offer jobs to the current management team in Tiny Town and so Intro and at least one other group had been told quite firmly that no other offers were to be accepted. Stobart had looked at the books and immediately withdrew.
Regional had one other group that made an offer and Lufthansa were only interested in Granite, for whatever reason, even when one of the investors in Granite was rumoured to be someone who has made headlines in Scotland for all the wrong reasons.
Whatever happens now, it looks like Lufthansa have spectacularly messed up the sales of Baby and Regional. It will cost them millions and in the worst case scenario hundereds of people their jobs. Wolfgang has done a top job
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Yup I heard that Granite made a revised offer and lufti said no. Now they have gone direct to IAG with the same deal. I would think news will follow shortly after this Friday. Good luck guys
If IAG can stomach the offer I would have thought a good PR coup for them? Saving jobs etc where Lufty couldn't etc they're hardly gonna have any worries about competition from them??